Sharing Resource Wealth Inclusively Within and Across Generations
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Summary:
This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation, innovation, and technology diffusion can help escape the trap of low growth and resource dependence that plagues so many developing countries. But to make this possible, resource-rich nations must sustain strong citizen participation in the policy making to hold governments accountable and ensure the inclusive management of resource wealth.
Series:
Working Paper No. 2021/097
Subject:
Environment Exports Fiscal policy Fiscal rules Income inequality International trade National accounts Natural resources
Frequency:
regular
English
Publication Date:
April 23, 2021
ISBN/ISSN:
9781513582429/1018-5941
Stock No:
WPIEA2021097
Pages:
37
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